Citigroup

Last edited by Tonya Hennessey on April 22, 2008 - 11:08pm
Name of work: 
Citigroup Watch
Review: 

from the website: "Citigroup, formed by the 1998 merger of Travelers and Citicorp, is the largest U.S.-based bank holding company. It engages in questionable high interest rate lending in low income communities across the United States, and now globally, through its CitiFinancial unit. Though its investment bank, Citigroup underwrites and trades in pools of loans issued by other predatory lenders. It has assisted Enron, WorldCom, and others; it has settled a slew of securities charges on the cheap. Citigroup finances and is involved in such environmentally destructive projects, including as a purchaser, despite contrary claims and its surreal inaccurate advertisements. Citigroup is nearly the definition of 'predator;' this is the Citigroup Watch.

Basic information
Name of author or organization: 
Inner City Press
Type of work: 
website
Format: 
electronic
Elements included: 

predatory lending

Crocodyl Company Profile: 
Citigroup